disruptions

Russian Oil Imports: India’s Russian oil imports hit record high in June amid Hormuz disruptions

by

​The world’s third-largest oil importer received around 2.70 million barrels per day (bpd) of Russian crude during June India’s imports of Russian crude oil climbed to a record high in June as refiners increased purchases of discounted barrels to offset supply risks linked to disruptions around the Strait of Hormuz, according to preliminary ship-tracking data … Read more

Barrel of backups: India’s crude imports bounce back despite Middle East disruptions

by

India’s crude oil imports have bounced back to near pre-conflict levels despite prolonged disruptions in the Middle East, as refiners adjusted their sourcing mix and leaned more on alternative suppliers. According to an HSBC Global Research report, Indian refiners managed to offset the impact of the Strait of Hormuz crisis by cutting reliance on traditional … Read more